SEQ 0.00% 34.0¢ sequoia financial group ltd

No need for a CR at All. The had $19 million cash and cash...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,503 Posts.
    lightbulb Created with Sketch. 174
    No need for a CR at All. The had $19 million cash and cash equivalents at 30 June and raised $5 million in July which looked like they didn't need it but wanted Sargon on board. 

    They have not been running down cash over the past couple of years.

    Really lets logically look at where they are:

    Ex CEO has around 11 million shares , probably cannot sell as he would have been privy to performance until a week ago. So probably in a closed period. It really depends on him - I wont buy right now because is this a bargain price or may the overhang keep the share moving down and I am not privy to the half year. So I am waiting for information.

    If he holds, few actually do  after a disagreement. So I expect that there is a large pool of shares looking for a home at some point.

    So effectively I am waiting for things to unfold and I expect many holders here are doing just the same.

    I would also have liked to see John Larson remain on the board as well. I think he is a great asset to the company.

    I am also not a lover of the stockbroking side so want to see that unfold as well. So too many moving parts.

 
watchlist Created with Sketch. Add SEQ (ASX) to my watchlist
(20min delay)
Last
34.0¢
Change
0.000(0.00%)
Mkt cap ! $48.48M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 50000 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.5¢ 29697 1
View Market Depth
Last trade - 16.16pm 29/11/2024 (20 minute delay) ?
SEQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.